It’s been an up-and-down week in the meme coin market.
Yet one analyst has made the bold claim that Pepe (PEPE) could be about to go on another bull run.
That same analyst has also highlighted Pepe Unchained (PEPU) as a hidden gem – with the project recently passing $8.5 million in its presale phase.
PEPE Trades Sideways After Recent Bullish Price Action
Let’s take a look at PEPE’s current price situation.
Currently hovering around $0.0000080, PEPE is up 4% from Sunday’s low, but it’s been treading water in the past 24 hours.
It’s not rallying, but it’s not sinking either.
The bigger picture is that PEPE is still up 36% from last Monday’s crash.
But the token still has a ways to go before it reaches July’s local high – if it wants to return to that level, it needs to climb another 63%.
Right now, that seems unlikely, given that PEPE is struggling below the 50-period EMA on the 4-hour chart.
This EMA is acting as dynamic resistance.
However, one thing that’s caught traders’ eye is PEPE’s spot volumes.
At $730 million in the past day, people are definitely still interested in trading PEPE.
Ultimately, PEPE is stuck in a holding pattern for now, making it tough to predict which direction it will take next.
99Bitcoins Analyst Forecasts Possible PEPE Rally
Late last week, Umar Khan, an analyst for 99Bitcoins, dropped a video that’s got PEPE investors sitting up and taking notice.
When 99Bitcoins analysts talk, people listen.
This is because 99Bitcoins has over 700,000 subscribers on YouTube and has been a hub for crypto news for years.
So, when Khan says a PEPE pump is “incoming” and people should “buy before the pump,” it’s not just another wild prediction.
Khan believes he’s seeing signs that PEPE might be gearing up for a rally.
He pointed out the broader market’s 10% pump last week, with Bitcoin showing signs of increasing greed.
He believes that greed could be good for meme coins – including PEPE.
From a technical perspective, Khan reads the charts as neutral to slightly bullish.
But it’s the market’s sentiment that’s got him particularly excited.
With PEPE outperforming most other meme coins in terms of volume, Khan’s betting on some explosive growth as the crypto market recovers.
Although he didn’t provide a specific price forecast, Khan’s analysis has definitely got people talking.
New Layer-2 Meme Coin Project Pepe Unchained Also Backed by 99Bitcoins Analyst
Alongside PEPE, there’s another project that’s caught Khan’s attention: Pepe Unchained.
It’s easy to assume it’s another frog-themed token, but Pepe Unchained is attempting to shake up the traditional model.
The creators are trying to solve some real problems.
They’re building a Layer-2 network on Ethereum, which means they’re aiming to offer faster, cheaper transactions.
Pepe Unchained’s team has clearly heard all the complaints about gas fees for meme coin traders and decided to take action.
Khan seems pretty optimistic about Pepe Unchained.
In a recent video, he called it a potential “100x opportunity,” even with the market looking shaky.
The project’s already pulled in millions in its presale – and Khan believes this is a good sign.
What’s really drawing attention, though, are the staking rewards.
Pepe Unchained is advertising a 230% APY, far higher than most staking coins offer.
Khan also likes the project’s tokenomics structure.
With allocations of PEPU set aside for staking and marketing, he thinks Pepe Unchained is built to last.
As always, Khan reminds everyone to do their homework before jumping in.
But in his view, even with the overall market still in limbo, Pepe Unchained might offer a shot at some serious gains.
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